Jackson Creek Investment Advisors LLC Has $1.70 Million Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Jackson Creek Investment Advisors LLC cut its holdings in UMB Financial Co. (NASDAQ:UMBF) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,031 shares of the bank’s stock after selling 469 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in UMB Financial were worth $1,696,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Covestor Ltd lifted its position in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas increased its position in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in UMB Financial during the third quarter worth about $83,000. Venturi Wealth Management LLC acquired a new position in UMB Financial during the fourth quarter valued at approximately $96,000. Finally, Steward Partners Investment Advisory LLC bought a new position in UMB Financial in the fourth quarter valued at approximately $103,000. Institutional investors own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UMBF. Barclays upped their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Citigroup restated a “neutral” rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley began coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Finally, StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $130.14.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $102.76 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.01 billion, a P/E ratio of 11.43 and a beta of 0.82. The business’s 50 day moving average is $113.61 and its 200-day moving average is $112.33. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the previous year, the firm earned $2.29 earnings per share. Equities research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.56%. UMB Financial’s payout ratio is presently 17.80%.

UMB Financial Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.